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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $544.0M, roughly 1.5× Fidelity National Financial, Inc.). Magnera Corp runs the higher net margin — -4.3% vs -21.5%, a 17.2% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 10.3%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 13.7%).
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
FNF vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $792.0M |
| Net Profit | $-117.0M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 82.9% | 1.8% |
| Net Margin | -21.5% | -4.3% |
| Revenue YoY | 10.3% | 12.8% |
| Net Profit YoY | -126.0% | 43.3% |
| EPS (diluted) | $-0.44 | $-0.95 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $544.0M | $792.0M | ||
| Q3 25 | $553.0M | — | ||
| Q2 25 | $547.0M | $839.0M | ||
| Q1 25 | $455.0M | $824.0M | ||
| Q4 24 | $493.0M | $702.0M | ||
| Q3 24 | $506.0M | $332.1M | ||
| Q2 24 | $504.0M | $556.0M | ||
| Q1 24 | $421.0M | $558.0M |
| Q4 25 | $-117.0M | $-34.0M | ||
| Q3 25 | $358.0M | — | ||
| Q2 25 | $278.0M | $-18.0M | ||
| Q1 25 | $83.0M | $-41.0M | ||
| Q4 24 | $450.0M | $-60.0M | ||
| Q3 24 | $266.0M | $-15.2M | ||
| Q2 24 | $306.0M | $19.0M | ||
| Q1 24 | $248.0M | $14.0M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | 82.9% | 1.8% | ||
| Q3 25 | 81.9% | — | ||
| Q2 25 | 69.8% | 1.5% | ||
| Q1 25 | 24.4% | 0.5% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | 61.9% | 0.9% | ||
| Q2 24 | 90.9% | 3.1% | ||
| Q1 24 | 78.6% | 3.8% |
| Q4 25 | -21.5% | -4.3% | ||
| Q3 25 | 64.7% | — | ||
| Q2 25 | 50.8% | -2.1% | ||
| Q1 25 | 18.2% | -5.0% | ||
| Q4 24 | 91.3% | -8.5% | ||
| Q3 24 | 52.6% | -4.6% | ||
| Q2 24 | 60.7% | 3.4% | ||
| Q1 24 | 58.9% | 2.5% |
| Q4 25 | $-0.44 | $-0.95 | ||
| Q3 25 | $1.33 | — | ||
| Q2 25 | $1.02 | $-0.51 | ||
| Q1 25 | $0.30 | $-1.15 | ||
| Q4 24 | $1.65 | $-1.69 | ||
| Q3 24 | $0.97 | $-0.33 | ||
| Q2 24 | $1.12 | $0.60 | ||
| Q1 24 | $0.91 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6B | $264.0M |
| Total DebtLower is stronger | $4.4B | $1.9B |
| Stockholders' EquityBook value | $7.4B | $1.0B |
| Total Assets | $109.0B | $3.9B |
| Debt / EquityLower = less leverage | 0.59× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $264.0M | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.3B | $276.0M | ||
| Q1 25 | $4.5B | $282.0M | ||
| Q4 24 | $3.5B | $215.0M | ||
| Q3 24 | $5.0B | $230.0M | ||
| Q2 24 | $4.9B | $33.9M | ||
| Q1 24 | $3.5B | $30.2M |
| Q4 25 | $4.4B | $1.9B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | $2.0B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.3B | $2.0B | ||
| Q3 24 | $4.2B | $2.0B | ||
| Q2 24 | $4.2B | $877.4M | ||
| Q1 24 | $3.9B | $884.7M |
| Q4 25 | $7.4B | $1.0B | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | $1.1B | ||
| Q1 25 | $7.9B | $1.1B | ||
| Q4 24 | $7.8B | $1.1B | ||
| Q3 24 | $8.1B | $2.1B | ||
| Q2 24 | $7.3B | $2.4B | ||
| Q1 24 | $7.1B | $2.4B |
| Q4 25 | $109.0B | $3.9B | ||
| Q3 25 | $106.6B | — | ||
| Q2 25 | $102.3B | $4.1B | ||
| Q1 25 | $98.2B | $4.1B | ||
| Q4 24 | $95.4B | $4.0B | ||
| Q3 24 | $94.7B | $2.8B | ||
| Q2 24 | $88.8B | $1.5B | ||
| Q1 24 | $84.5B | $1.5B |
| Q4 25 | 0.59× | 1.86× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | 1.77× | ||
| Q1 25 | 0.56× | 1.83× | ||
| Q4 24 | 0.56× | 1.80× | ||
| Q3 24 | 0.52× | 0.91× | ||
| Q2 24 | 0.58× | 0.37× | ||
| Q1 24 | 0.55× | 0.36× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.9B | $0 | ||
| Q1 25 | $1.1B | $65.0M | ||
| Q4 24 | $1.5B | $-58.0M | ||
| Q3 24 | $2.4B | $12.2M | ||
| Q2 24 | $1.4B | $38.0M | ||
| Q1 24 | $1.6B | $20.0M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $3.6M | ||
| Q2 24 | — | $23.0M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | 2.00× | ||
| Q1 24 | 6.42× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
